Katherine Doherty / Bloomberg : NYSE owner ICE plans US-regulated Hyperliquid-based perpetual markets with Trade.xyz, a market operator on the crypto platform, and takes a stake in Trade.xyz — Intercontinental Exchange Inc. joined forces with one of the market operators behind offshore crypto-trading platform Hyperliquid …
NYSE owner ICE plans US-regulated Hyperliquid-based perpetual markets with Trade.xyz, a market operator on the crypto platform, and takes a stake in Trade.xyz (Katherine Doherty/Bloomberg)
In short
Intercontinental Exchange is working directly with Trade.xyz to develop perpetual contracts rooted in the Hyperliquid crypto platform for the domestic market. Alongside the commercial venture, the exchange operator secured an equity position in Trade.xyz to deepen its strategic alignment. The collaboration formally links a conventional exchange behemoth with a participant operating on an offshore venue. This initiative seeks to provide compliant access to derivatives products that have historically operated outside standard domestic regulatory frameworks.
Key points
- Intercontinental Exchange is working to bring offshore crypto-style perpetual contracts i…: Intercontinental Exchange is working to bring offshore crypto-style perpetual contracts into a compliant framework.
- The exchange operator secured an equity interest to solidify its collaboration with Trade…: The exchange operator secured an equity interest to solidify its collaboration with Trade.xyz.
- Hyperliquid-based trading will become accessible through a partnership between convention…: Hyperliquid-based trading will become accessible through a partnership between conventional finance and crypto platform operators.